Laxmipati Engineering Works Ltd
Laxmipati Engineering Works Limited (Formerly known as L. P. Naval & Engineering Limited) is engaged in the Business of Fabrication, Heavy Engineering, Engineering Infrastructure and services and Shut down maintenance projects. The company was incorporated in 2012 as a Ship Building company and has build itself as a reliable partner Manufacturing, Engineering Services, Repair and Upgrade.[1]
- Market Cap ₹ 184 Cr.
- Current Price ₹ 320
- High / Low ₹ 452 / 168
- Stock P/E 19.8
- Book Value ₹ 19.9
- Dividend Yield 0.00 %
- ROCE 18.6 %
- ROE 122 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 30.9% CAGR over last 5 years
Cons
- Stock is trading at 16.1 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 59.2 to 72.6 days.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.00 | 2.97 | 2.77 | 2.25 | 1.05 | 11.29 | 20.85 | 18.75 | 27.99 | 15.21 | 40.21 | 50.07 | 55.11 | |
| 1.62 | 1.90 | 2.09 | 1.89 | 1.75 | 9.29 | 17.61 | 23.37 | 23.82 | 15.52 | 34.34 | 40.00 | 41.69 | |
| Operating Profit | 0.38 | 1.07 | 0.68 | 0.36 | -0.70 | 2.00 | 3.24 | -4.62 | 4.17 | -0.31 | 5.87 | 10.07 | 13.42 |
| OPM % | 19.00% | 36.03% | 24.55% | 16.00% | -66.67% | 17.71% | 15.54% | -24.64% | 14.90% | -2.04% | 14.60% | 20.11% | 24.35% |
| 0.00 | 0.00 | 0.00 | 0.00 | -0.08 | 0.00 | 0.02 | -0.08 | 0.04 | 0.06 | 0.09 | 0.05 | 0.00 | |
| Interest | 0.16 | 0.14 | 0.11 | 0.16 | 0.19 | 0.45 | 0.78 | 1.61 | 2.82 | 3.09 | 3.85 | 4.23 | 3.84 |
| Depreciation | 0.08 | 0.14 | 0.13 | 0.13 | 0.15 | 0.31 | 0.39 | 0.46 | 0.91 | 1.10 | 1.18 | 1.22 | 1.28 |
| Profit before tax | 0.14 | 0.79 | 0.44 | 0.07 | -1.12 | 1.24 | 2.09 | -6.77 | 0.48 | -4.44 | 0.93 | 4.67 | 8.30 |
| Tax % | 42.86% | 26.58% | 31.82% | 28.57% | 0.89% | 18.55% | 19.14% | -1.48% | 52.08% | 6.53% | 17.20% | -39.19% | |
| 0.08 | 0.58 | 0.30 | 0.05 | -1.13 | 1.01 | 1.70 | -6.67 | 0.23 | -4.73 | 0.78 | 6.50 | 9.29 | |
| EPS in Rs | 0.14 | 1.01 | 0.52 | 0.09 | -1.96 | 1.76 | 2.96 | -11.60 | 0.40 | -8.22 | 1.36 | 11.30 | 16.15 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 19% |
| 3 Years: | 21% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 31% |
| 3 Years: | 205% |
| TTM: | 1155% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 47% |
| 3 Years: | % |
| 1 Year: | 33% |
| Return on Equity | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -15% |
| 3 Years: | 24% |
| Last Year: | 122% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 |
| Reserves | 4.22 | 4.80 | 5.10 | 5.15 | 4.01 | 5.02 | 6.72 | 0.05 | 0.27 | -4.45 | -3.68 | 2.82 | 5.70 |
| 4.54 | 3.54 | 4.08 | 4.38 | 7.53 | 11.69 | 12.58 | 24.55 | 30.73 | 37.69 | 40.11 | 45.12 | 19.85 | |
| 0.25 | 0.51 | 0.59 | 0.33 | 0.64 | 2.20 | 2.85 | 5.28 | 3.65 | 4.69 | 4.10 | 5.85 | 46.43 | |
| Total Liabilities | 14.76 | 14.60 | 15.52 | 15.61 | 17.93 | 24.66 | 27.90 | 35.63 | 40.40 | 43.68 | 46.28 | 59.54 | 77.73 |
| 12.27 | 12.14 | 12.22 | 12.15 | 13.82 | 15.35 | 15.56 | 17.41 | 25.14 | 29.84 | 30.23 | 31.51 | 34.71 | |
| CWIP | 1.41 | 1.48 | 1.52 | 1.59 | 1.59 | 1.59 | 3.51 | 6.82 | 6.75 | 1.59 | 1.59 | 1.59 | 1.59 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 1.08 | 0.98 | 1.78 | 1.87 | 2.52 | 7.72 | 8.83 | 11.40 | 8.51 | 12.25 | 14.46 | 26.44 | 41.43 | |
| Total Assets | 14.76 | 14.60 | 15.52 | 15.61 | 17.93 | 24.66 | 27.90 | 35.63 | 40.40 | 43.68 | 46.28 | 59.54 | 77.73 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.31 | 0.76 | -0.34 | 0.06 | -0.95 | -1.71 | 2.36 | -4.76 | 4.92 | -3.38 | 2.66 | 2.38 | |
| -0.88 | -0.07 | -0.26 | -0.11 | -1.83 | -1.86 | -2.55 | -5.62 | -8.56 | -0.63 | -1.21 | -3.16 | |
| 1.02 | -1.12 | 0.55 | 0.09 | 3.07 | 3.77 | 0.12 | 10.35 | 3.37 | 3.86 | -1.42 | 0.77 | |
| Net Cash Flow | 0.45 | -0.43 | -0.04 | 0.04 | 0.28 | 0.20 | -0.07 | -0.03 | -0.27 | -0.15 | 0.03 | -0.02 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 31.02 | 68.82 | 150.22 | 188.18 | 330.24 | 190.42 | 113.96 | 127.70 | 52.68 | 76.31 | 28.68 | 72.61 |
| Inventory Days | 84.23 | 547.50 | 1,668.57 | 202.48 | 278.68 | 509.65 | 202.93 | 1,074.57 | 189.00 | 243.27 | ||
| Days Payable | 56.15 | 628.61 | 1,042.86 | 301.06 | 328.01 | 515.06 | 147.52 | 363.64 | 38.04 | 59.85 | ||
| Cash Conversion Cycle | 59.10 | 68.82 | 69.11 | 188.18 | 955.95 | 91.84 | 64.64 | 122.29 | 108.09 | 787.24 | 179.65 | 256.03 |
| Working Capital Days | -660.65 | -334.28 | -339.96 | -449.36 | 577.05 | 176.52 | 101.53 | 121.08 | 50.99 | 76.31 | 52.92 | 100.31 |
| ROCE % | 2.16% | 6.50% | 3.79% | 1.52% | -5.22% | 8.50% | 12.04% | -18.34% | 9.84% | -3.56% | 11.75% | 18.57% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Jan - Laxmipati Engineering Works Limited has Submitted Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
-
List Of Key Managerial Personnel To Determine Materiality Of An
Event Or Information And To Make Disclosures To The Stock
Exchanges.
10 Jan - 10 Jan 2026: Company secretary Darshana Gorasiya resigned; Payu Bhardwaj appointed; KMP contacts updated.
-
Appointment of Company Secretary and Compliance Officer
10 Jan - Company Secretary Darshana Gorasiya resigned effective Jan 10, 2026; Payu Bhardwaj appointed effective Jan 11, 2026.
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
10 Jan - Company Secretary Darshana Gorasiya resigned effective Jan 10; Payu Bhardwaj appointed effective Jan 11, 2026.
-
Board Meeting Outcome for Outcome Of Board Meeting Of The Company Held On January 10, 2026
10 Jan - Darshana Gorasiya resigned effective COB Jan 10, 2026; Payu Bhardwaj appointed CS effective Jan 11, 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
Business[1]
Laxmipati Engineering Works Limited generates its major revenue by providing manpower and fabricating service to Engineering sector.